PotatoGame, Inc. is considering a new five-year expansion project that requires an initial fixed asset investment of $6.089 million. The fixed asset will be depreciated straight-line to zero over the project's life, after which time it will be worthless. No bonus depreciation will be taken. The project is estimated to generate $1,389,000 earnings before interest and taxes (EBIT). The tax rate is 24 percent. What is the annual operating cash flow for this project?

2,727,320

2,273,440

2,312,200

1,236,000

2,548,518